CredoLab Featured in Fintech News SG on Why Asia Needs Alternative Credit Scoring
While progress has been made in expanding financial inclusion, there are still billions of people in the world who do not have access to basic...
CredoApp collates these characteristics and can be integrated in various configurations with the added benefit of being:
Efficient machine learning combined with a client’s digital footprint guarantees lower cost of risk along with higher approval ratio
Improved Time-to-Yes: Less than 1 minute
Real time and current data reduces the need to rely on historic credit bureau data
Maximises amortization of origination investment through risk-based pricing
Negligible per unit labour cost of production
Automated and consistent process enforces zero error rate, eliminating the possibility of human error
With a time to yes of less than 60 seconds it couldn’t be easier!